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Strategies & Market Trends : The coming US dollar crisis
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To: carranza2 who wrote (15973)1/2/2009 5:18:26 PM
From: Elroy Jetson  Read Replies (1) of 71463
 
Confidence is important, but Obama is still two years early in the credit collapse cycle, relative to the election of FDR. So attempt at recovery will be swimming against a string undertow current as the deleveraging must finish it's work.

As Obama wisely chose to say, his proposal will create "or save" so many million jobs. In the storm, forward progress will be measured in being blown back off-course less than you would have been otherwise.

The ultimate solution is the deleveraging, bankruptcies and foreclosures, and finally an increase in savings. This can't be avoided.
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